HomeMy WebLinkAboutR-24-0220City of Miami
Resolution R-24-0220
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15966 Final Action Date: 6/18/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AN AMENDMENT TO THE CITY OF MIAMI ("CITY") LOCAL
HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED,
FOR THE FISCAL YEAR ("FY") 2022-2025, TO MODIFY THE HOME BUYER
FINANCING PROGRAM AND HOMEOWNERSHIP DEVELOPMENT
PROGRAM, RESPECTIVELY, TO ALLOW FOR HOME PURCHASES FROM A
COMMUNITY LAND TRUST ("CLT") AND TO ALLOW FOR CLT
DEVELOPMENTS THAT MEET THE REQUIREMENTS UNDER SECTION
193.018, FLORIDA STATUTES, FURTHER AUTHORIZING THE CITY
MANAGER TO SUBMIT THE CHANGES IN THE PLAN FOR REVIEW AND
APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION ("FHFC");
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY
AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, FOR SAID PURPOSE.
WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski
Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new
and existing documentary stamp taxes on deeds on real estate transactions to local
governments for the development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable
housing and created the State Housing Initiative Partnership ("SHIP") Program; and
WHEREAS, pursuant to Section 420.9072(2)a of the Florida Statute, a county or eligible
municipality must submit to the Florida Housing Finance Corporation ("FHFC") its Local Housing
Assistance Plan ("LHAP") describing the local housing assistance strategies to be eligible to
receive funds under the program; and
WHEREAS, pursuant to Resolution No. 22-0203, on June 9, 2022, the Miami City
Commission approved the City of Miami's ("City") LHAP for the period of July 1, 2022, through
June 30, 2025; and
WHEREAS, amendments to the LHAP must be approved by the Miami City Commission
and later sent to the FHFC for review and final approval; and
WHEREAS, the City's Administration recommends the amendment of the City's Local
Housing Assistance Plan ("Amended LHAP"), attached and incorporated, for Fiscal Year 2022-
2025, to modify the Home Buyer Financing program and Homeownership Development
program, as reflected in the LHAP, to allow for home purchases from a Community Land Trust
("CLT") and to allow for CLT developments that meet the requirements under section 193.018,
Florida Statutes;
City of Miami Page 1 of 2 File ID: 15966 (Revision: A) Printed On: 7/31/2025
File ID: 15966 Enactment Number: R-24-0220
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City's Amended LHAP, attached and incorporated, for FY 2022-2025,
that includes changes made to the Home Buyer Financing program and Homeownership
Development program, as reflected in the LHAP, to allow for home purchases from a
Community Land Trust ("CLT") and to allow for CLT developments that meet the requirements
under section 193.018, is approved.
Section 3. The City Manager is authorized'' to submit the plan to the Florida Housing
Finance Corporation for review and approval and to negotiate and execute all necessary
documents to implement the terms and conditions of the SHIP Program and the LHAP.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
rge = . Wyk ng III, C ty ttor -y 6/4/2024
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 2 of 2 File ID: 15966 (Revision: A) Printed on: 7/31/2025